07072510170 3200, Mason City, IA 50401
5,109 SF | Retail Building | Mason City, IA 50401 | $2,318,000 ($454/SF) | 4.25% Cap Rate
For Sale
Active
Asking Price $2,318,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 5,109 SF
- Price / Square Foot
- $454
Listing Contacts
Matt Hazelton
Dalton Redmon
- Property Info
Property Overview
Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in Chick-fil-A located on an outparcel of Fleet Farm located at 3200 4th St SW in Mason City, Iowa. The single tenant ground lease asset is 100% leased to Chick-fil-A corporate. The 5,109 SF building was constructed in 2024 and sits on 1.72 acres of land. Chick-fil-A signed a 15-year ground lease, which leaves no responsibilities for the landlord and features 10% rent escalations every five years through the option periods.
Chick-fil-A is the one of the fastest growing fast food chains in the country and is considered the gold standard for quick service retail. With 3,000+ locations across 48 states and growing, Chick-fil-A is quickly expanding its footprint and solidifying its reputation as the most sought after fast food tenant in the country. As the only Chick-fil-a store within a 90-mile radius, the property will serve as the only Chick-fil-a store in the Mason City market and will also serve the dozens of nearby rural communities.
Ideally situated just off of US-18 BUS, known as 4th St in the area, the property is highly visible from the arterial roadway. 4th St is the primary east-west thoroughfare in the city and connects the city to I-35. The property is an outlot to Fleet Farm and is adjacent to Target. Other traffic drivers in the immediate area include Aldi, Menards, Hy-Vee, and Walmart. The city of Mason City is a vibrant rural community and serves as the hub of commerce for the 50,000+ residents in the Mason City metro area.
Please see OM for more information.
Chick-fil-A is the one of the fastest growing fast food chains in the country and is considered the gold standard for quick service retail. With 3,000+ locations across 48 states and growing, Chick-fil-A is quickly expanding its footprint and solidifying its reputation as the most sought after fast food tenant in the country. As the only Chick-fil-a store within a 90-mile radius, the property will serve as the only Chick-fil-a store in the Mason City market and will also serve the dozens of nearby rural communities.
Ideally situated just off of US-18 BUS, known as 4th St in the area, the property is highly visible from the arterial roadway. 4th St is the primary east-west thoroughfare in the city and connects the city to I-35. The property is an outlot to Fleet Farm and is adjacent to Target. Other traffic drivers in the immediate area include Aldi, Menards, Hy-Vee, and Walmart. The city of Mason City is a vibrant rural community and serves as the hub of commerce for the 50,000+ residents in the Mason City metro area.
Please see OM for more information.
Property Details
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 74,923 SF
Highlights
- The 1.72 acres of land is leased to the tenant for a 15-year term and the 5,109 SF building is new construction
- Chick-fil-A is the one of the fastest growing fast food chains in the country and is considered the gold standard for quick service retail
- The Mason City site carries a lower rental rate than many of the other comparable Midwest and national Chick-fil-A sites
- Chick-fil-A’s NNN ground lease includes 10% rent escalations and leaves no responsibilities for the landlord
- The property is located within the primary commercial corridor for the city, with adjacent grocery anchors including Target, Walmart, Aldi, and Hy-Vee
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